Bradda Head holds direct equity interests in the following entities:

• Zenolith (USA) LLC, a company registered in USA, which holds the interests in the Burro Creek, Wilson Salt Flat, San Domingo and Spencer projects
• Bradda Head Limited, a company registered in the BVI, which holds the interests in Zenolith and Minera Salmuera

Bradda Head currently holds a 100% interest in Bradda Head Limited, and a 55% interest in Zenolith USA LLC.